11,578 Shares in General Electric (NYSE:GE) Purchased by Nwam LLC

Nwam LLC bought a new position in shares of General Electric (NYSE:GE) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 11,578 shares of the conglomerate’s stock, valued at approximately $2,183,000.

Other hedge funds have also recently bought and sold shares of the company. Toth Financial Advisory Corp purchased a new stake in General Electric during the 3rd quarter worth about $25,000. Valley Wealth Managers Inc. purchased a new stake in General Electric during the 3rd quarter worth about $25,000. O Brien Wealth Partners LLC purchased a new stake in General Electric during the 3rd quarter worth about $27,000. Peterson Financial Group Inc. purchased a new stake in General Electric during the 3rd quarter worth about $28,000. Finally, Studio Investment Management LLC increased its holdings in General Electric by 97.5% during the 2nd quarter. Studio Investment Management LLC now owns 158 shares of the conglomerate’s stock worth $25,000 after purchasing an additional 78 shares during the period. Institutional investors and hedge funds own 74.77% of the company’s stock.

General Electric Trading Up 1.3 %

NYSE:GE opened at $181.11 on Friday. The stock’s 50 day moving average price is $183.22 and its 200 day moving average price is $171.10. The company has a market capitalization of $196.01 billion, a PE ratio of 31.83, a P/E/G ratio of 1.76 and a beta of 1.19. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.95. General Electric has a 52-week low of $94.54 and a 52-week high of $194.80.

General Electric (NYSE:GE) last released its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. The firm had revenue of $9.84 billion for the quarter, compared to the consensus estimate of $9.02 billion. General Electric had a return on equity of 18.93% and a net margin of 11.48%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.82 EPS. On average, research analysts anticipate that General Electric will post 4.24 EPS for the current year.

General Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Thursday, September 26th were given a dividend of $0.28 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a yield of 0.62%. General Electric’s payout ratio is 19.68%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on GE shares. UBS Group upped their price target on General Electric from $223.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft upped their price target on General Electric from $212.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Wells Fargo & Company upped their price target on General Electric from $205.00 to $210.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Royal Bank of Canada dropped their price objective on General Electric from $210.00 to $200.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Finally, StockNews.com downgraded General Electric from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, General Electric currently has an average rating of “Moderate Buy” and an average target price of $200.93.

Insiders Place Their Bets

In other General Electric news, SVP Russell Stokes sold 15,550 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the completion of the sale, the senior vice president now directly owns 148,857 shares of the company’s stock, valued at approximately $26,539,714.53. This trade represents a 9.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Riccardo Procacci sold 7,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total value of $1,267,910.00. Following the sale, the senior vice president now directly owns 13,289 shares of the company’s stock, valued at $2,407,036.57. The trade was a 34.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.66% of the stock is owned by insiders.

General Electric Profile

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.